Research

The $2 Trillion Question

Are America's Largest Alternative Asset Managers Signaling a Credit Crisis? A line-by-line examination of Apollo and KKR's 10-K filings reveals $260B in Level III assets, compressing spreads, and hidden vulnerabilities.

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Options Flow Reveals Wall Street's Tariff Winners and Losers

Within hours of the SCOTUS ruling, institutional options flow shifted dramatically. LULU, MCHP, and NKE saw the biggest bullish swings — while MSFT and WMT surprisingly turned bearish.

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SCOTUS Strikes Down IEEPA Tariffs in Landmark 6-3 Ruling

The Supreme Court holds that IEEPA does not authorize the President to impose tariffs — a decision with immediate, seismic implications for markets, trade policy, and $124B+ in collected duties.

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